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Position: Non - life Pricing Actuary
Institution: Placement through Fenchurch Associates
Location: Switzerland
Duties: Our client is looking for a pricing actuary to play a key role in the underwriting process for P&C reinsurance business. By using technical and analytical skills founded on solid actuarial principles, candidate will price individual treaties to assess the profitability of business, thereby aiding underwriters in their decision-making process. Key aspect of the role is the ability to communicate pricing assumptions, methods and results clearly and transparently to underwriters and other stakeholders. Pricing actuary may also accompany underwriters to client meetings and are expected to interact proactively in any treaty related discussions. In addition to the pricing of specific markets, pricing actuaries are also involved in local or global projects such as market studies, actuarial research on methods/parameters, in-house tool development, and training of underwriters and new staff
Requirements: Actuarial qualification or readiness to aim for it or University degree in actuarial science, mathematics or similar subject; 3-5 years experience in the international (re)insurance industry; Has in-depth knowledge in own discipline, such as sound technical capabilities in actuarial pricing and basic knowledge of related disciplines; Ability to solves complex problems; takes a new perspective on existing solutions; Provides predictable and high quality service to the underwriting team and the client, respectively; Develops a good understanding of the primary line of business being priced
   
Text: Our client is looking for a pricing actuary to play a key role in the underwriting process for P&C reinsurance business. By using technical and analytical skills founded on solid actuarial principles, candidate will price individual treaties to assess the profitability of business, thereby aiding underwriters in their decision-making process. Key aspect of the role is the ability to communicate pricing assumptions, methods and results clearly and transparently to underwriters and other stakeholders. Pricing actuary may also accompany underwriters to client meetings and are expected to interact proactively in any treaty related discussions. In addition to the pricing of specific markets, pricing actuaries are also involved in local or global projects such as market studies, actuarial research on methods / parameters, in-house tool development, and training of underwriters and new staff. Key duties and responsibilities are : Supports the actuarial pricing of various lines of business underwritten in the Zurich Hub. Acts as back up for other pricing actuaries in the Global Lines and/or P&C Lines pricing. Proactively interacts with underwriting specialists and client relationship managers to come up with viable and innovative solutions. Ensures communication with other team members and pricing actuaries in other locations. Pays joint visits together with client relationship managers and/or underwriting specialists to existing and prospective clients. Leads or contributes to projects, which provide customer service, in coordination with the underwriters. Develops actuarial assumptions, parameters, methods, tools and processes appropriate for the assigned market(s) and for pricing in general. Training of underwriters and new actuarial staff regarding pricing matters. Works together with other pricing actuaries on actuarial projects. Shares know-how and technical knowledge with team members (locally and globally). Ensures co-operative spirit and energizes others by showing pride to be part of the team. Contributes to create viable and innovative solutions that outperform competitors and differentiate the company. May lead projects or project steps within a broader project or have accountability for ongoing activities or objectives Works independently; receives minimal guidance. Acts as a resource for colleagues with less experience. Requirements 3-5 years experience in the international (re)insurance industry Has in-depth knowledge in own discipline, such as sound technical capabilities in actuarial pricing and basic knowledge of related disciplines Ability to solves complex problems; takes a new perspective on existing solutions Provides predictable and high quality service to the underwriting team and the client, respectively. Develops a good understanding of the primary line of business being priced Stays up-to-date with new/emerging knowledge in actuarial pricing as well as in respect of major markets and underwriting related issues. Needs minimal guidance after introduction phase and is capable to typically resolve problems using existing solutions Is capable to contribute to process improvements Personal Competencies: Analytical coupled with diplomacy / negotiation skills Excellent English communication abilities, both oral and written Ability to advise underwriters and clients, understand client needs and listen attentively Ability to take decisions for assigned responsibilities/tasks Able to withstand pressure and to complete tasks within deadlines Actively asks for feedback and is ready to provide constructive feedback Digital Competencies: Affinity for IT tools, e.g. Microsoft Excel, Word. Some programming knowledge would be beneficial (e.g. Python, R, VBA). Required Education: Actuarial qualification or readiness to aim for it or University degree in actuarial science, mathematics or similar subject
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